STATE OF THE NATION’S TOP 10 WATCH RETAILERS. No.1: Aurum Holdings

Aurum Holdings sales rose 24.4% to £566 million in 2016-17, and operating profit rose by 174.2% to £17.2 million.

The accounting period pre-dates the acquisition of Mayors in the United States, which the group bought for $105 million in October 2017.

 

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Since this graph was published, Aurum Holdings’s 2016-17 operating profit has been disclosed as £17.2 million.

 

Aurum Holdings comprises Goldsmiths with around 100 doors, including monobrands for TAG Heuer and Breitling; Mappin & Webb with 14 doors; Watches of Switzerland with 13, including monobrand Rolex showrooms and airport boutiques; The Watch Lab (bought for £5.4 million in 2016) has 22 outlets and Watchshop is purely an online business without physical stores.

There is every chance that 27 Watches of Switzerland and Mappin & Webb contribute as much to group sales as 100 Goldsmiths because of the higher value jewellery and watches that they sell.

Watches of Switzerland also benefits from three prime central London locations and duty free positions at Heathrow Airport.

Aurum Holdings has more Rolex agencies than any other retail group with around 46 across its retail estate. It also has nine Patek Philippe accounts. Only Berry’s with six Patek Philippe doors comes close.

VITAL STATISTICS

Turnover FY17: £565 million (+25%)
Number of physical stores: 149, Employees (May 2016): 1714

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